USD Partners LP (NYSE: USDP) reported Q1 EPS of $. Revenue for the quarter came in at $29.73 million versus the consensus estimate of $29.58 million.

• Generated Net Cash Provided by Operating Activities of $8.1 million, Adjusted EBITDA of $13.5 million and Distributable Cash Flow of $11.0 million
• Reported Net Income of $6.6 million
• Increased quarterly cash distribution to $0.3525 per unit ($1.41 per unit on an annualized basis), representing an increase of 5.2% over the first quarter of 2017
• Ended quarter with $203.4 million of available liquidity and distribution coverage of approximately 1.2x

“Customer activity at our Hardisty origination terminal has ramped up substantially over the last several months and current market demand exceeds the available capacity at the terminal,” said Dan Borgen, the Partnership’s Chief Executive Officer. “Given the current market dynamics and the increased support from the Canadian railroads, we and our general partner are actively negotiating with current and new potential customers to extend the terms of our existing take-or pay agreements as well as evaluating a potential expansion to meet near-term demand. The recent success we had filling the remaining capacity at our Stroud terminal with crude originated at our Hardisty terminal simply validates the significant value our network can provide.”

For earnings history and earnings-related data on USD Partners LP (USDP) click here.